Neste to receive EU Innovation Fund support for developing a new co-processing technology

Neste Corporation, News, 10 November 2025

The European Commission announced funding for 61 cutting-edge technology projects on 3 November, 2025. Neste's SCOOP (Sustainable Co-Processing of Challenging Raw materials) project was among the five Finnish projects selected for funding from a total of 359 applications.

Neste’s SCOOP project aims to develop an entirely new co-processing technology for tall oil based raw material to be used at its Porvoo oil refinery in Finland. Crude tall oil is a residue generated at pulp mills when pulp is produced from pine wood, and it is included in the Annex IX A list of the EU Renewable Energy Directive (EU RED), therefore eligible to be used in the production of advanced biofuels. 

In the SCOOP project, Neste develops a technology that has far-reaching potential to enable the processing of a diverse range of renewable raw materials into high-quality renewable fuels and feedstock for the polymers and chemicals industry.

Incorporating the new co-processing technology into the Porvoo refinery processes will require an investment decision, which has not yet been made.

EU Innovation Fund grants are taken from the revenues of the EU Emissions Trading System (EU ETS). These grants are designed to strengthen Europe's technological leadership and speed up the deployment of innovative clean technologies across Europe. 

The developers of the 61 projects now selected for EU funding have been invited to start the grant agreement preparation phase with the European Climate, Infrastructure and Environment Executive Agency (CINEA). During this phase, the Commission and the selected project promoters will finalize the funding contract, confirming the budget, timetable, technical deliverables, and legal responsibilities. 

Further information: Please contact Neste's media service, tel. +358 800 94025 / media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste’s releases at https://www.neste.com/media/subscribe. 

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates solutions for mitigating climate change and accelerating a shift to a circular economy. The company is the world’s leading producer of sustainable aviation fuel (SAF) and renewable diesel, enabling its customers to reduce their greenhouse gas emissions. Neste refines waste, residues and other renewable raw materials to high-quality renewable fuels at its refineries located on three continents. The company’s annual renewable fuels production capacity will be increased to 6.8 million tons in 2027. 

Neste has high standards for sustainability and the company has consistently been recognized by several leading sustainability indices. In 2024, Neste's revenue stood at EUR 20.6 billion. Read more: neste.com